After a sharp gold pullback, the technical aspect has undergone a "major turnaround"! FXStreet's chief analyst analyzes the technical prospects of gold.
In Thursday's Asian session, spot gold moderately rebounded after yesterday's sharp decline, with the current gold price near $2722 per ounce. FXStreet Chief Analyst Valeria Bednarik pointed out that the target for gold is to expand its corrective decline, possibly breaking below the $2700 per ounce level.
Renowned economist warns: Is the surge in gold prices leading to a new era of gold driven by global financial changes?
The price of gold fell by more than 1% on Wednesday after reaching a historical high, mainly due to profit-taking triggered by the strengthening of the US dollar and the rise in US Treasury yields.
Gold dives nearly $40! Is the pullback just temporary?
Gold fell on Wednesday due to profit-taking, but analysts believe that the price of gold is still bullish in all aspects, with short-term attention on the resistance level...
How to chase the "gold" wave? These gold mining stocks may welcome a good opportunity, with the highest doubling in the year.
Due to the rising mining costs and high corporate interest rates in recent years, the performance of gold mining stocks has been poor, but with the decrease in energy extraction costs and the rise in gold prices, the leverage effect of operation may help gold mining stocks outperform physical gold in the gold bull market.
Institutions: Silver is the strongest in decades, with weak oil fundamentals but high risk of recent soaring.
Citigroup believes that as geopolitical conflicts intensify, central banks around the world will have strong demand, and gold as a safe-haven asset is expected to rise to $3000 per ounce in the next year. When sentiment weakens in developed markets, silver usually experiences its strongest bull market. Citigroup expects silver prices to rise to $40 per ounce in the next year. Additionally, Citigroup believes that fears of short-term supply shortages may push oil prices up to $120 per barrel.
"All roads lead to inflation," the legendary investor announced that he will be bullish on gold and bitcoin.
Legendary American investor and billionaire hedge fund manager Paul Tudor Jones said that he holds gold, bitcoin, and the CSI Commodity Equity Index. He believes that regardless of who is elected president, inflation in the USA will rise.
The silver price is expected to reach $40 by the end of the year.
In 2024, the global total supply of silver is close to 1.004 billion ounces, while the total demand is 1.219 billion ounces.
Long gold and bitcoin! Legendary investor: Regardless of who is elected president, inflation in the USA will rise.
①Legendary American investor Paul Tudor Jones stated that he currently holds gold, bitcoin, and csi commodity equity index to hedge against inflation risks; ②He pointed out that neither of the two presidential candidates have suitable plans to solve the US debt issue.
Shares of Gold and Silver Companies Are Trading Higher. Precious Metals Have Recently Gained on Macro Uncertainty Amid Middle East Conflict and the Upcoming US Presidential Election.
Why Silver ETFs Are Soaring & Outperforming Gold
Millennium Partners, L.P. UK Regulatory Announcement: Form 8.3 - AngloGold Ashanti Plc
Sand Grove Capital Management LLP UK Regulatory Announcement: Form 8.3 - ANG SJ
Invesco Ltd: Form 8.3 - Anglogold Ashanti PLC; Public Dealing Disclosure
Hit a 12-year high, Goldman Sachs, Citigroup, and UBS Group are bullish on the "silver bull" market.
Since the beginning of this year, the international silver price has experienced a significant increase, ushering in a "silver bull" market.
Gold is rising unusually! Allianz chief advisor: The dollar system is being eroded.
①Mohamed El-Erian, Chief Economic Advisor at Allianz, stated that the continued gold purchases by foreign central banks are an important driver of gold strength; ②The changes in gold prices are not only exceptional in terms of traditional economic and financial impacts. It also transcends the strictly geopolitical influences, forming a more widespread phenomenon that is becoming a long-term trend.
Continuously refreshing historical highs! Has gold entered a "new bull market"?
Driven by factors such as central bank gold purchases, rising US debt, and the possibility of the US dollar peaking, gold seems to have entered a new bull market phase...
El-Erian: The rise of gold signifies the collapse of the US dollar system.
El-Erian believes that the surge in gold prices "seems to have deviated" from traditional historical influencing factors, with strong bid support from central banks being an important driver. This may be due to people's confidence in the US dollar system starting to erode, as the process of "de-dollarization" deepens, it may lead to a severe global system fragmentation, weakening the international influence of the dollar and the american financial system.
Citigroup raises gold target price: expected to rise to $3,000 within a year!
Citigroup expects that gold may rise to $2,800 within 3 months, and could rise to $3,000 in 6 to 12 months, while silver may even reach the $40 mark.
Anglogold Ashanti on Track for Longest Winning Streak Since July 2023 -- Data Talk
Unusual Options Activity: WFC, SNAP and Others Attract Market Bets, WFC V/OI Ratio Reaches 156.8
EST Oct 21st Morning Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.